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Buying Wheat Rolls

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jakeW's Avatar
United States
689 Posts
 Posted 02/27/2010  11:56 pm Show Profile   Bookmark this topic Add jakeW to your friends list Get a Link to this Message Number of Subscribers
Hi everyone, new here. I was just wondering what people thought about buying wheat rolls on ebay or other places like that. Is it worth it for filling my folder? do vyou think its a rip off or worth the chance? thanks for your input!
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Adam_E's Avatar
United States
4846 Posts
 Posted 02/28/2010  07:14 am  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
I bought that 3 times, the 1st time was really good! I got 5 Indians though they were in really bad grades. the 2nd time was horrible! I got only 40's and 50's and one from 1934(not including the one on the end which was a 1919).he did send another to make up for it, but it too was also crap. and the 3rd time was AWESOME!! I filled like 20 holes and maybe 15 from the 40's and 50's(not including steelies). I also got 2 Indian heads, 3 steelies, and 1 1957d BU wheatie. so if that's good for you than you should take a chance. oh and the last one is a buy it now and is still going on so if you want one PM me and ill send a link.
Valued Member
United States
393 Posts
 Posted 02/28/2010  07:40 am  Show Profile   Bookmark this reply Add tnwalker10 to your friends list Get a Link to this Reply
Welcome to the forum! In LWC's ebay listings will always advertize coins as "unsearched." More often than not, I believe these coins have been searched dozens and dozens of times. So if you buy them you will end up with 50% 1950's, 30% 1940's and the rest will be undesireable coins that are worn out, damaged, or just plain unattractive.

If you're looking for average circulated grades to fill a folder I would stay here awhile, and get more than 50 posts. Then you can buy or trade with people at coincommunity for a whole lot better deal than dealing with unknowns on ebay.

Also, if you can't wait and want to buy right now, be sure and check out our member's ebay listings. This week, Bobby and Susan have some beautiful LWC's listed.
Valued Member
MtnCoinMan's Avatar
United States
462 Posts
 Posted 02/28/2010  09:53 am  Show Profile   Bookmark this reply Add MtnCoinMan to your friends list Get a Link to this Reply
I agree with the other posters here. I have purchased several ebay rolls and did not find anything interesting. There are "unsearched" lots of wheat pennies out there, but finding one would be like winning the lottery, they are that rare. I still kick myself for not buying that bucket of unsearched wheat pennies on another site that I frequent. The guy was an underwater metal detector but was only interested in gold and silver, he threw all of his coin finds in a bucket. He separated out the wheat pennies and auctioned them to benefit the website. I am sure there was a semi-key or two in that lot but I bailed when it got past ten cents per.

Your holes will look a lot nicer if you spend $5.00 on a very nice wheat then on an ebay unsearched roll.
Rest in Peace
numismo's Avatar
United States
3039 Posts
 Posted 02/28/2010  10:24 am  Show Profile   Bookmark this reply Add numismo to your friends list Get a Link to this Reply
with MtnCoinMan. You'll be happier and better off buying a nice coin to fill a hole than taking a chance on someone else's reject that you may or may not find in an "unsearched" roll.
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jakeW's Avatar
United States
689 Posts
 Posted 02/28/2010  11:27 am  Show Profile   Bookmark this reply Add jakeW to your friends list Get a Link to this Reply
thank you every one for all your info, I really appreciate this help.
Pillar of the Community
United States
573 Posts
 Posted 02/28/2010  11:40 am  Show Profile   Bookmark this reply Add StJoeBlues to your friends list Get a Link to this Reply
Hey Jake - Here's how I do it. I roll search Lincolns, pull out the wheats, fill in or replace the ones in my folder then review for any varities. If there are any prime cents, I throw them in a 2x2. Otherwise I drop them in a roll. They are "randomly" thrown in to the rolls, but there's nothing good in there.

I've thought about what I would do if I decided to start selling some of the extra wheats I have. I think I would go through the rolls and eliminate as many duplicates as possible and sell them as "starter rolls." Try to get 50 different dates/MMs so some youngster could get a great start to his collection.

Matt
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captainkurt's Avatar
United States
1406 Posts
 Posted 02/28/2010  12:04 pm  Show Profile   Bookmark this reply Add captainkurt to your friends list Get a Link to this Reply
I started collecting with wheat pennies and did all of it on ebay. It ended up being very costly in the long run. If I were to do it all over again I would not buy rolls or lots on ebay. I would just buy folders since looking at the blank holes will tell you basically what coins you are getting. The wheats that are worth more then $.25 will almost never be found in bulk lots, period! If you really want to 'search' I think searching for coins by decade is a better way to start out. Here is a rule that I try and stick by when buying bulk wheats. $.10-$.15 each for 1909-1919's, $.07-$.10 each for 1920-1939's, and $.05-$.07 for 1940-1958's. If you take your time looking for bulk wheats you will find auctions that will have them separated into decades like this. That being said, competition seems high for wheats on ebay as of late and at these prices it may be hard to win any auctions. Good Luck! Happy hunting!
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Gothic Florin's Avatar
United States
2541 Posts
 Posted 02/28/2010  10:14 pm  Show Profile   Bookmark this reply Add Gothic Florin to your friends list Get a Link to this Reply
There may be a few legitimate people selling real unsearched rolls, but unfortunately there are also a lot of people selling junk knowing they are ripping people off.

I'd suggest a couple of things:

1) Get a $25 box of pennies from the bank. It's loads of fun, and even though you will probably won't find anything rare, you will probably come away with 10-15 wheaties and you didn't actually spend any money since you can cash it in.

2) Buy the coins one at a time from a reputable dealer.

3) I went into a coin shop and they had a 10 gallon bucket full of wheat cents. I paid $10 for a generous sized cup full. I got quite a few S-mints, 4 steel cents and filled a ton of holes. I took my cup full up to the counter and started to look through them. Seeing that I was satisfied with the mix I purchased them. I'm sure if you find a local coin shop with a decent mix they may hook you up on the price a little if you buy a few cups at a time.
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robbudo's Avatar
United States
2757 Posts
 Posted 03/01/2010  8:29 pm  Show Profile   Check robbudo's eBay Listings Bookmark this reply Add robbudo to your friends list Get a Link to this Reply
I see those 'unsearched wheat rolls' all the time on ebay. More often than not, they have a tails-side Indian Head cent showing, a steel (1943) wheat showing, or a silver dime showing. I'd say that 75% of the 'unsearched wheat rolls' have these combination of coins showing. By that fact alone, they cannot be unsearched. They may be from an 'estate', heck, aren't my own coins from an 'estate'? And my house is old, so let's call them from an 'old estate'. Too many catch words. I personally think it's all a scam - no way a tails-side Indian cent made it to one side of the roll 'randomly' when it'll be the only Indian cent in the roll.

My advice is to search all the feedback you see from one of these roll sellers - many collectors list in the feedback exactly what they found in the rolls. And if you get a roll, please be sure to do this, as it helps us all out.

I like Gothic Florin's advice. I know someone who works at a Subway - he gets Wheat cents every week, and a War Nickel reliably once a month. There are still lots of these coins in circulation. You won't get rich, but you'll fill in the easy holes at least.
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afcop13's Avatar
United States
1409 Posts
 Posted 03/02/2010  07:20 am  Show Profile   Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
Another vote for filling holes via roll searching. I have done very well this way so far. The only purchases I've made were for nice key dates that I'm highly unlikely to ever find roll searching. BUT - roll searching is a blast! I've only gone through 3 boxes of pennies, but have found 2 Indians so far, 1903 and 1904, along with over 100 Wheats, including a couple in BU condition (48 and 51) that looked like they were minted last week.

Welcome to this addictive hobby, and good luck!

Oh - and I look at those auctions with the Mercury dime on one end and an IHC on the other - and watch those rolls go for $20+......then read the feedbacks - maybe 1 in 50 buyers finds something that justifies the cost, the rest find commons.
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The_Duke's Avatar
United States
1745 Posts
 Posted 03/02/2010  08:23 am  Show Profile   Bookmark this reply Add The_Duke to your friends list Get a Link to this Reply
Stay away from unsearched shotgun rolls. Get your 50 posts and then post your want list here. Many here have tons of Wheats.
Valued Member
United States
161 Posts
 Posted 03/02/2010  8:55 pm  Show Profile   Bookmark this reply Add seateddime48174 to your friends list Get a Link to this Reply
if a person wishes to waste his/her time buying "unsearched" wheat rolls, I offer this advice, look at the seller's other auctions. it is amusing the feedback that some of the buyers leave, did they actually expect to get a solid roll of 09SVDB's ? come on, its a gamble, and the odds arent in your favor.
Bedrock of the Community
United States
20753 Posts
 Posted 03/07/2010  3:43 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

Stay away from unsearched shotgun rolls. Get your 50 posts and then post your want list here. Many here have tons of Wheats.


Rather than long, dragged out explanations, just do as this one says.
Great advise is usually short and to the point.
Valued Member
925dealer's Avatar
United States
258 Posts
 Posted 03/07/2010  6:56 pm  Show Profile   Bookmark this reply Add 925dealer to your friends list Get a Link to this Reply
Most local coin shops usually have a big bucket of wheat pennies available for 4 to 10 cents each. Just find a shop with one of these and look through all of his wheats and cherry pick the good looking stuff! Sincerely, John Leckrone
Valued Member
United States
60 Posts
 Posted 03/07/2010  10:32 pm  Show Profile   Bookmark this reply Add coinundrum to your friends list Get a Link to this Reply
For what it's worth, I've been able to fill every hole in my Dansco (save '09s, '09s vdb, '14d and '31s) by searching rolls. It has taken a LONG time to do so, but IMO has been tons of fun. I still buy a roll from time to time, though. Note that not all of the ones that I found in rolls were great examples (so I'm always replacing them)...so look at it as a way to get started.
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